DOGE Prediction for September 8

The rates of most of the coins are rising on the last day of the week, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has risen by 2.09% since yesterday. Over the last week, the price has fallen by 3.04%.

On the hourly chart, the price of DOGE is in the middle of the local channel. However, if the daily bar closes near $0.09651, the growth is likely to continue to the $0.097-$0.098 range soon.

On the daily time frame, the rate of DOGE keeps rising after a false breakout of the support level of $0.09184. However, the meme coin might need more time to accumulate energy for a further move.

In this case, sideways trading in the zone of $0.095-$0.099 is the more likely scenario for the next days.

From the midterm point of view, the picture is more bearish than bullish as the price remains near the support of $0.08196. If bulls want to seize the initiative, they need to restore the rate to at least the $0.11 range.

DOGE is trading at $0.09601 at press time.

Source